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WorksheetsFintech (Financial Technology)
Total questions: 22
Worksheet time: 12mins
What is the purpose of Fintech?
make the most money possible for companies
to improve and automate the delivery and use of financial services
save customers the most money
none of these
Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.
profits
retained earnings
venture capital
assets
A digital cash system that uses cryptography to secure the exchange financial transactions.
P2P lending
Blockchain
NBFC's
Crypto-currency
A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
Venture Capital
Blockchain
Bitcoin
NBFC's
Which company could a business use to get working capital loans?
Kabbage
Affirm
Lending Club
Robinhood
If you wanted mobile brokerage services, which company might you choose?
Affirm
Robinhood
Kabbage
Lending Club
If you wanted a company that uses robo-advisor technology to recommend a portfolio and automate the investment process you might choose?
Tala
Robinhood
Kabbage
Betterment
An institution that provides checking, a prepaid debit card and some form of savings account without the traditional brick-and-mortar building.
Betterment
Neobank
Robinhood
Lending Club
If you wanted to transfer money to a family member or coworker, which company would you choose?
Zelle
Kabbage
Tala
Affirm
What companies use to determine if a customer is likely to pay back borrowed money?
Crypto score
Robo-advisor
FICO score
Blockchain
What is a potential downside of a NBFC?
can't operate across state lines
inconvenient to use
unregulated by financial and state regulators
too large
According to the article you read, what percentage of people exclusively use digital banking services?
<10%
about 25%
over 46%
100%
According to the article, what are the biggest barriers for integrating fintech business startups into traditional companies.
cost
differences in management
location
differences in culture
Which company would appeal most to individuals with no or poor credit history, but wanting a loan?
Tala
Robinhood
Betterment
Zelle
Select all of the following that help fintech companies be competitive with larger, more established companies?
AI
Chatbots
Blockchains
Robo-advisors
A term used in the venture capital industry to describe a privately held startup company with a value of over $1 billion.
cash cow
unicorn
stallion
dead ringer
Select all the broad categories of users for fintech.
B2B for banks
B2B for banks' business clients
B2C for small businesses
Consumers
What age group is more likely to use fintech services?
younger
older
Which of the following are potential problems for fintech companies?
consumer access to technology
changing regulatory environment
attractiveness of products
data security
Blockchain technology has no disadvantages.
True
False
Fintech companies heavily leverage new technologies to provide their services.
True
False
Large and well-established financial service companies are not worried about fintech companies taking their customers.
True
False
